Reduction of Aggregate Limits. If the aggregate limit is exhausted, the company will immediately take all possible steps to have it reinstated. The general liability policies shall include a per policy endorsement providing that the limits of such insurance specified in the contract shall apply solely to the work under the contract without erosion of such limits by other claims or occurrences.
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Samples: Contract for Design Build Services, Memorandum of Understanding, Maintenance Contract
Reduction of Aggregate Limits. If the aggregate limit is exhausted, the company Consultant will immediately take all possible steps to have it reinstated. The general liability policies shall include a per policy endorsement providing that the limits of such insurance specified in the contract Contract shall apply solely to the work under the contract Contract without erosion of such limits by other claims or occurrences.
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